Siacoin Price Analysis June 20th 2017

in #bitcoin7 years ago (edited)

siacoin-logo-large.png

Some new ATH's set today in the crypto world, among them was Siacoin

Siacoin hit well over $0.02 per coin today

We are currently towards the end of the correction period and I believe tomorrow/tonight could continue the uptrend
Screen Shot 2017-06-20 at 9.58.55 PM.png

Technical Analysis

RSI back to buying levels and the formation of a bullish pennant is always a good sign.
Could consolidate further but look for support above 0.0007 BTC/SC

Things might be a little unstable right now so look for the bollinger bands to contract some more before any significant jumps

News

Recent articles I have seen talk about Siacoin replacing Dropbox or Amazon, here's the link:
https://www.inc.com/brian-d-evans/blockchain-tech-company-sia-siacoin-could-disrupt-dropbox-and-amazon.html

Prediction

I am hoping for upwards towards $0.30 by the end of June...

I am not a professional advisor and this is not something you should put all your money into. I am not responsible for any gains or losses this is just an opinionated article about what I think could happen.

image link: https://goo.gl/images/3jxGuF
chart from https://www.tradingview.com/

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I have a good 400k siacoin and feel this is another ripple or NEM so im HODL

Siacoin has a great future, I have invested a quantity in sia.

I'm a big fan of SC for the future. Thanks for the post

Thanks, me too, great developers and a great idea

Interesting read! I have been monitoring siacoin closely too, looks promising! By the way, I followed you! Hope you can follow me back :)! Thanks!

Interesting article. Really appreciate you bring this to our attention. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. I found this great website: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. See: https://www.coincheckup.com/coins/Siacoin#analysis For the Siacoin Investment research report.